Abstract
The Latin phrase ‘ceteris paribus’, which translates as ‘other things the same’, is much invoked by economists. Its popularity stems from its prominent use by Alfred Marshall ([1890] 1920, pp. xiv-xv, 366–70), who invented the metaphor of ‘the pound called Coeteris Paribus’ – pound being used here in the same sense as in impoundment – in which are imprisoned ‘those disturbing causes, whose wanderings happen to be inconvenient’ (1920, p. 366).
This chapter was originally published in The New Palgrave: A Dictionary of Economics, 1st edition, 1987. Edited by John Eatwell, Murray Milgate and Peter Newman
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Whitaker, J.K. (1987). Ceteris Paribus. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95121-5_346-1
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DOI: https://doi.org/10.1057/978-1-349-95121-5_346-1
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Latest
Ceteris Paribus- Published:
- 16 March 2017
DOI: https://doi.org/10.1057/978-1-349-95121-5_346-2
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Ceteris Paribus- Published:
- 26 November 2016
DOI: https://doi.org/10.1057/978-1-349-95121-5_346-1